Pros
- The people, excluding executive management. - That's it, just the co-workers. Great group of people working in a sinking ship.
Cons
- No raise for many for over two years, although executive management award themselves large raises every year*. The CEO, Ron Hill, gave himself over a 55% raise* effective in April 2014 after sending a company wide email saying no raises in March 2014. The Chairman, John Goodman, also gave himself a big raise*, but he started the company - can't really complain about that. *THIS IS PUBLIC INFORMATION on file with the SEC - see note at the end of post. - Crazy high bonuses for executives; offensively small bonuses for everyone less than VP level. Less than 5% for 85%+ of the employees that do 90%+ of the work. Even VP bonuses are low, just not offensive. - Very high turnover of smart, hardworking people. Individuals that have marketable skills don't stay long; individuals that don't have marketable skills tend to stay too long and bring team performance and moral down. - Many layoffs of smart, hardworking people, but executive management "cashes out" at every opportunity. In addition to the $3M+ donations to churches*, related parties, and other organizations that "look good", random executive bonuses of $250k - $1M and company-paid Range Rovers are provided while good, hard working individuals with families are being laid-off. - Individuals "lucky" enough to not be laid-off are left to pick-up the slack, which is understandable in a normal company, but the front-line workers of Goodman sacrifice a lot for the good of the executives. - Nepotism runs rampant. Way too many "friends and family" doing nothing but causing friction, collecting a paycheck and poisoning the environment. - When present, which is not much, the executives are locked (yes, locked) away behind closed doors in a separate office which requires special permission to enter, even for VPs. - Claimed Christian based company that doesn't take care of it's employees. There wasn't even a "general population" Christmas party in 2014, but there was an executive party. - Can't keep a permanent CFO for more than a couple of years. - Company wants to do an IPO with the CEO trying to get everyone behind the success of the company, but only executives and selected individuals have stock options. There is no equity benefit for 95%+ of the workforce* to get the company successful and to go public. - Goodman Networks, i.e., the CEO, acquires other companies just to raise revenue, but the cost, integration, and destruction (laid-off workforce) of the acquired company is too high of a price, thus driving up expenses, driving down net income and killing morale. - Bottom line: The Goodmans want to cash out; the CEO is ineffective; many of the the other executives meant to do good, but the Kool-Aid is just too good at that level. *NOTE: Goodman Networks is a public filer with the SEC. Feel free to look up the compensation structure of the executives and the associated lack of financial performance of the company at sec.gov.
